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Tesla Launches its Maiden African Branch in Morocco, Kicking Off Regional Growth

Tesla's Strategic Move into Morocco: A Vision for Clean Energy and Electric Mobility On May 27, 2025, a significant milestone was achieved when Tesla officially established its subsidiary, Tesla Morocco. With an initial investment of MAD 27.5 million—equivalent to around USD 2.75 million—this venture marks Tesla's ambitious entry into North Africa. It's fascinating to consider how this investment could reshape not just the automotive landscape but the energy landscape as well.…

FCMB Launches Ogbomosho Branch to Energize Local Economy

Embracing Growth: FCMB's New Chapter in Ogbomoso It was a moment of anticipation and hope on the sunny morning of the inauguration of First City Monument Bank’s (FCMB) latest branch in Ogbomoso. The presence of FCMB, a beacon of financial innovation, promises to shape new economic narratives and invigorate local businesses. The air was filled with excitement as Oba Ghandi Olaoye, the revered Soun of Ogbomoso, ceremonially opened the doors to this new opportunity. "First City Monument…

Somalia’s Islamic State Branch Broadens Influence, Emerging as Major Financial Center

In an obscure corner of the world, far from the eye of most international media, the Al-Karrar office has metamorphosed into something more sinister—a financial command center crafted intricately for the Islamic State’s sprawling empire, extending its dark reach from Afghanistan to Mozambique. Picture a warren of clandestine activities where ancient hawala networks blur seamlessly with cutting-edge cryptocurrency transactions, a place surviving on the gritty art of extortion. Entire economies within these insurgent zones…

Somalia’s ISIS Branch Finances Activities Through Gold Exports, Accumulating Up to $6 Million

ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…

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